Maths: Profit and Loss questions

In this article, we simply cover the different types of Profit and Loss problems that are based on the concepts of Profit and Loss.

 

Question / Answer

Question #1 Cost price of 20 articles is equal to selling price of x articles. If the profit is 25%, then the value of x is

[Mathematics] [CTET-2014-09]
Options
  • 15
  • 16 correct answer
  • 18
  • 25
Answer Explanation Let the cost price 1 article = Re 1
Cost price of x articles = x
S.P of x articles = 20Profit = 20 -x
Profit % = Profit*100/C.P.25 = ( 20 – x ) * 100 / x
25 x = 2000 – 100x
125 x = 2000
x = 16
Question #2 If the cost price of an article is 3/2 of its selling price, then the profit or loss percent is

[Mathematics] [UPTET-2017-10]
Options
  • 33 (1/3) Percentage profit
  • 33 (1/3) Percentage loss correct answer
  • 33 (1/8) Percentage loss
  • 33 (1/8) Percentage profit
Answer Explanation SP=100
CP=150
Loss=50Loss % = Loss *100 / C.P.
Loss % = (50*100) / 150 = 33(1/3)%
Question #3 A person marks his goods 40% above the cost price and allows 40% discount on the marked price. His loss /gain percent is:

[Mathematics] [CTET-2016-09]
Options
  • loss, 16% correct answer
  • No loss / gain
  • loss, 8%
  • gain, 10%
Answer Explanation Let CP = 100

Market Price = 40% about = 140
Allow discount = 40%
40% of 140
= Rs 56
SP = 140–56
= Rs 84
Loss % =  16%

 

#CTET Profit and Loss question